LUDWIG BECK ends 1st quarter with 2.4% gain in sales
Munich, April 23, 2014 – Munich Fashion Group LUDWIG BECK (ISIN DE 0005199905) ends the 1st quarter of the 2014 fiscal year with an increase in sales. Consideration deserves the fact that this year´s revenue effect of Easter business will be delayed into the 2nd quarter.
LUDWIG BECK raises branch-adjusted sales in 2013 – first year of business successful for www.ludwigbeck.de online store
Munich, March 19, 2014 – Munich Fashion Group LUDWIG BECK (ISIN DE 0005199905) ends 2013 with a 0.6% gain in branch-adjusted sales. The Group was able to stay on its long lasting course of continuity, despite atypical seasonal weather creating problems for the fashion retail sector and outages in the Munich tram service.
LUDWIG BECK increases branch-adjusted gross sales by 0.6% - further positive development expected for 2014
Munich, January 8, 2014 – In 2013, Munich fashion group LUDWIG BECK (ISIN DE 0005199905) generated branch-adjusted gross sales of € 102.1m (previous year: € 101.6m). This denotes a 0.6% increase in like-for-like sales at Group level. Without the adjustment, that is, taking into account the Esprit branch at the Munich Olympia Shopping Mall, which was sold in 2012, gross sales were slightly below last year’s level of € 103.2m. The online store www.ludwigbeck.de, launched in December 2012, already made a positive contribution to Group´s sales in its first year of business and fulfilled all of management’s expectations.
LUDWIG BECK: Weather conditions continue to affect sales development – optimistic expectations for year-end sales
Munich, October 17, 2013 – The unusually long winter already had a detrimental effect on spring sales for Munich Fashion Group LUDWIG BECK (ISIN DE 0005199905). Summer brought more adverse conditions: a heat wave and construction in the Tram network. Tram connections to the flagship store at Munich Marienplatz were shut down for four Saturdays – the most important sales day for LUDWIG BECK. The consequential decline in sales for the 1st nine months of 2013 was nonetheless relatively moderate, with -0.4% in like-for-like sales. The new online shop continued to perform very satisfactory. The fashion retail sector recorded a 2% drop for the same period.
Weather conditions dominate fashion retail performance of the previous months - LUDWIG BECK earnings within expectations
Munich, July 18, 2013 – Adverse weather conditions over long stretches of the 1st half of the fiscal year 2013 only had a minor effect on the financial key figures of Munich Fashion Group LUDWIG BECK (ISIN DE 0005199905). The online shop launched at the turn of the year gains further momentum.
Press release on the Annual General Meeting 2013 Venue: Hotel Hilton München Park, Am Tucherpark 7, 80538 Munich
Munich, Mai 8, 2013 – LUDWIG BECK AG (ISIN DE 0005199905) held its Annual General Meeting on May 8, 2013, attended by nearly 550 shareholders and shareholders’ representatives, who represented approximately 80% of the share capital and thus nearly 3 million votes. All agenda items were approved by overwhelming majority votes.
LUDWIG BECK performs satisfactorily in 1st quarter – new online shop gains strong momentum
Munich, April 18, 2013 – Given the adverse weather conditions, the Executive Board of LUDWIG BECK AG (ISIN DE 0005199905) finds the company’s performance in the first quarter to be very satisfactory. The new online shop for beauty products (www.ludwigbeck.de) was just launched at the end of 2012 and is already on the road to success.
LUDWIG BECK increases sales and profit in 2012 - Dividend raised
Munich, March 14, 2013 – The Munich fashion group LUDWIG BECK (ISIN: 519 990) concluded the fiscal year 2012 with branch-adjusted sales up 2.6% and gross sales at € 103.2m. Following three consecutive record-breaking years, earnings before taxes (EBT) could again be improved by 7.0% and came to € 12.1m. Having anticipated a branch-adjusted sales increase of 2% – 3%, and EBT between € 10m - € 12m, the Executive Board saw its expectations fully met.
LUDWIG BECK increases sales of current branches by 2.9% - EBT expected to reach upper end of forecast (€ 10-12m)
Munich, January 7, 2013 – Compared to 2011, Munich fashion group LUDWIG BECK (ISIN DE 0005199905) increased gross sales of its flagship store at Marienplatz (including FÜNF HÖFE) by 2.9% to € 101.5m (2011: € 98.6m). This increase meets the board’s expectations. It thus achieved the branch-adjusted 2% to 3% gain in sales it was aiming for.
LUDWIG BECK celebrates entry into online business, an important step towards the development of new future potentials
Munich, December 12, 2012 – The Munich fashion group LUDWIG BECK (ISIN DE 0005199905) can look back at a successful year 2012. Once again, the company was able to impressively outperform the sector trend of the strenuously striving German textile retail trade as per the 3rd quarter of 2012. In the last years, it has been a defining characteristic of LUDWIG BECK to concentrate all efforts on its flagship store at Marienplatz in Munich, which has always been a sure candidate for flourishing sales. Since December 4, 2012, the group has also been present in the online segment. From now on customers will find an exclusive and comprehensive range of premium products around the topics of beauty and cosmetics at www.ludwigbeck.de.